Hasbro (HAS) EVP uses 1,680 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HASBRO, INC. executive Sibley Tarrant L., EVP, CLO and Corporate Secretary, reported a tax-related share withholding transaction. On the vesting of the third tranche (33 1/3%) of a restricted stock unit award granted on February 24, 2023, 1,680 shares of common stock at $99.64 per share were withheld to cover tax obligations.
This Form 4 characterizes the event as a tax-withholding disposition, not an open-market sale. After the withholding and related adjustments for dividend equivalent units, Tarrant directly owns 61,054.97 shares of Hasbro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sibley Tarrant L.
Role
EVP, CLO and Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock (Par Value $.50 per share) | 1,680 | $99.64 | $167K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 61,054.97 shares (Direct)
Footnotes (1)
- This represents payment of tax withholding using share withholding in connection with the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 9,861 shares granted February 24, 2023. Total amount has been adjusted to reflect shares acquired upon vesting of dividend equivalent units on restricted stock units granted to the terms of the restricted stock unit awards
FAQ
What did Hasbro (HAS) executive Sibley Tarrant L. report on this Form 4?
Sibley Tarrant L. reported a tax-withholding disposition of 1,680 Hasbro shares. The shares were withheld to satisfy taxes due upon vesting of restricted stock units granted on February 24, 2023, rather than sold in the open market.
Is the Hasbro (HAS) Form 4 transaction an open-market sale by the executive?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax liabilities triggered by vesting restricted stock units, a common administrative process for equity compensation.
What equity award triggered the tax-withholding in this Hasbro (HAS) Form 4?
The tax withholding relates to the third tranche vesting of a restricted stock unit award of 9,861 shares granted on February 24, 2023. One-third of this award vested, prompting share withholding to cover the associated tax obligations.